Dublin, Aug. 22, 2024 (GLOBE NEWSWIRE) -- The "Conveyor Belt - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Conveyor Belts was estimated at US$6.6 Billion in 2023, and is projected to reach US$8.8 Billion by 2030, growing at a CAGR of 4.2% from 2023 to 2030.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Medium-Weight Conveyor Belt segment, which is expected to reach US$4.7 Billion by 2030 with a CAGR of a 5.0%. The Light-Weight Conveyor Belt segment is also set to grow at 3.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.7 Billion in 2023, and China, forecasted to grow at an impressive 6.7% CAGR to reach $1.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Conveyor Belt Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bando Chemical Industries Ltd., Bridgestone Corporation, Chiorino SpA, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 380 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $6.6 Billion |
| Forecasted Market Value (USD) by 2030 | $8.8 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Conveyor Belt - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
2. FOCUS ON SELECT PLAYERS
- Bando Chemical Industries Ltd.
- Bridgestone Corporation
- Chiorino
- ContiTech
- Fenner Drives Inc.
- Habasit
- Intralox
- Omtech Food Engineering
- The Yokohama Rubber Co., Ltd.
- Volta Belting Technology Ltd.
- YongLi Belting
3. MARKET TRENDS & DRIVERS
- Automation Trends in Manufacturing Propel Conveyor Belt Innovations
- Mining Industry Growth Sustains Demand for Durable Conveyor Systems
- E-commerce and Logistics Expansion Strengthen Market for Automated Conveying Solutions
- Technological Advancements in Material Science Expand Conveyor Belt Lifespan and Efficiency
- Environmental Sustainability Pressures Drive Development of Eco-Friendly Conveyor Belts
- Safety Regulations and Standards Propel Enhancements in Conveyor Design
- Food Industry Hygiene Standards Generate Opportunities for Specialty Conveyor Belts
- Integration of IoT and Predictive Maintenance Sets the Stage for Smart Conveyor Systems
- Retail and Supermarket Automation Drives Conveyor Belt Demand
For more information about this report visit https://www.researchandmarkets.com/r/kdmzuh
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